Russian Ruble, Emerging Currencies Slip to Halt Week's Rally

By

Erin McCarthy

April 12, 2013 12:59 p.m. ET

The Russian ruble slumped alongside other emerging-market currencies Friday, as disappointing U.S. economic data and falling commodity prices halted the rally these currencies had seen for most of this week.

Emerging-market currencies had been on a tear earlier this week as investors digested a bazooka stimulus plan from the Bank of Japan announced April 4. Expectations that a weaker yen and more money flooding financial markets will...